Should You Self-Insure Your Business?
As a business owner, you need to manage the cost of your insurance by striking a balance between self-insurance and transferring the risk to an insurance company. We explore your options.
Using Market Data in Business Valuations
Troy Harmon, CFA, CVA, shares how market data and economic cycles help determine the price you might expect to get for your business.
5 Things That Happened in May That Affect Your Small Business
We’re approaching mid-year, which is a great time to check in on the health of your small business. Plus, lots of newsworthy events have happened that may affect you.
Our Three Cents — Approaches to Business Valuations
In this episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, discuss the three most common approaches to business valuations: the market-based, income-based, and asset-based methods.
3 Reasons to Keep Your Personal and Business Finances Separate
The more your business and personal outlays become entwined, the harder it is to manage your company’s cash flow, payroll, and taxes. We explore three key reasons to draw a clear line between your business and personal finances.
Should You Charge Late Fees? QuickBooks Can Help
Business Owners: Do you have a lot of aging receivables? Assessing finance charges can speed up customer payments.
Your Business: Minimum-Wage Laws in the Spotlight
State labor laws vary widely but affected small businesses may face challenges as minimum wage increases take effect over the next few years. Eight states (plus the District of Columbia) have passed legislation to raise the minimum wage in steps to $15.
Restaurant Revitalization Fund: Tax-Free Grants for Restaurants
It’s no surprise that the coronavirus pandemic significantly hurt the restaurant and hospitality business sector. The Restaurant Revitalization Fund—part of the American Rescue Plan Act—is designed to help eligible businesses keep their doors open.
Our Three Cents — Exit Planning Options
In this episode of “Our Three Cents – Exit Planning Strategies” podcast, hosts Troy Harmon, CFA, CVA, Nick Antonucci, CVA, CEPA, and K.C. Smith, CFP®, CEPA, provide an overview of the options a business owner has available when exiting a business. Business owners have a variety of options from passing the business along to family members to selling to a private equity firm to liquidating and closing the business.
Your QuickBooks Company File Is the Key to The Kingdom! Keep It Safe from Fraud
It would be impossible to reconstruct your QuickBooks file from scratch, and you can’t afford to have a hacker steal any of your funds.